Financial Planning

Financial Planning
A financial plan is a comprehensive and ongoing process that requires careful coordination of every financial aspect of your life. As your financial advisor, we take the lead in this coordinated effort by bringing together a team of trusted professionals, including CPAs, CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals, estate attorneys, and insurance professionals. When you have a team approach, your financial plan becomes a dynamic resource for making vital decisions about the life events that impact your finances.

A financial plan includes investments, retirement planning, estate planning, insurance and risk management, tax planning, and education planning.

“He who fails to plan is planning to fail.”
— Winston Churchill

The Time for a Financial Plan
Unlike tax preparation or estate administration, financial planning has no related due date and is often delayed or avoided. Waiting for a life event like retirement or the loss of a loved one to work on a financial plan is often too late. We believe that planning should begin as soon as your career begins, and if you are in a stage well beyond that point, your planning should begin today. If you have parts of a plan in place, such as investments and retirement accounts being managed by an advisor or insurance policies for life, health, and disability, then it is time to bring them together with our tax planning to give you a comprehensive view of your finances.

The Benefits of a Financial Plan
Having the ability to make informed decisions is the primary objective of a comprehensive, coordinated financial plan. When we design your plan, we consider your current circumstances, your future goals, and the important questions that you will need to answer:

  • How much should I be saving in an emergency fund?
  • Do my current earnings and spending habits align with my long-term goals?
  • How much should I be saving for a home, children, and college?
  • Is my family protected for the unforeseen circumstances like illness or an unexpected death?
  • What would I like to do when I’m retired, and how much money will I need to make that happen?
  • I’m self-employed; how do I create a business succession plan?
  • Are my investments being managed to meet my personal goals?
  • Am I maximizing investment income and minimizing taxes?
  • When should I begin taking Social Security?

From the beginning of this process through each annual review, we will use your financial plan as a road map to achieving your goals.